Ripple CEO Brad Garlinghouse shared his views on the impact of the SEC lawsuit on the value of cryptocurrency XRP.
Garlinghouse Criticizes the SEC’s Role
Garlinghouse noted that XRP’s valuation suffered significantly due to the SEC’s lawsuit against Ripple. He recalled that “before the SEC got involved in the crypto markets, XRP was the second most valuable digital asset ahead of ETH.” He contrasted this with Ethereum’s trajectory, noting that ETH soared to its prominent position in the market because the SEC did not pursue it.
The End of the Ripple Lawsuit and XRP’s Potential Rise
As Amelie pointed out, the Ripple lawsuit is nearing its end. Recently, the SEC dismissed lawsuits against Coinbase, Binance, and concluded several other investigations. According to recent reports, Ripple is in negotiations with the SEC, and a settlement could happen soon.
Future of XRP Post Lawsuit Resolution
Many market experts suggest that the resolution of the lawsuit could lead to a significant rally in XRP’s value. Amelie’s post underlined this potential, reinforcing the belief among XRP supporters that the asset’s valuation could surge once regulatory uncertainty is alleviated.
The role of the SEC in the cryptocurrency industry remains highly contested, and the future of XRP largely hinges on the outcome of the legal battle. This situation continues to be closely watched by market participants and experts.
